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Microcap & Penny Stocks : Liteglow (LTGL)
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To: Daniel Miller who wrote (3045)9/4/1998 2:35:00 PM
From: Retaylor  Read Replies (1) of 4715
 
Daniel,

The problem with reverse splits is that they rarely work.

Lets use your logic that if you bought 100 shares at .02 which =2.00 then there is a 100 - 1 reverse giving you 10 shares which equals $2.00. at .20 a share.

Then they have room to go lower and lower leaving your investment worth practically nothing.

At .01 or .05 you have room to average down and if things get real bad sell for a minimal loss instead ending up with worthless paper.

History shows that reverse splits rarely benefit the shareholder.

Retaylor
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